Auction dates revised in East Coast Brokers & Packers case

07/12/2013 12:28:00 PM
Coral Beach

Bankrupt East Coast Brokers & Packers is auctioning it assets. Subject to court approval, the dates for the auction of thousands of acres of farmland, worker housing, packing facilities, equipment and other assets of East Coast Brokers & Packers have been rescheduled.

Assets of the Madonia family, which founded the Mulberry, Fla., produce business in 1956, are also set to be auctioned as part of the resolution of the company’s bankruptcy case filed in March.

According to court records, Batista Madonia Sr., president and chief executive officer, and his wife Evelyn Madonia, owe a variety of creditors more than $50 million.

Auctions are planned for the following dates, subject to court approval:

  • Aug. 15, 10 a.m. — Approximately 7,377 acres of Florida farm and development land in Martin, Hillsborough, Polk and Manatee counties; two packinghouses; a former Bible college, and several worker housing camps;
  • Aug. 16, 3 p.m. — The Red Rose Hotel in Plant City, Fla., a home in Lakeland, Fla., home sites on Walden Lake in Plant City, and other Florida assets;
  • Aug. 19, 5 p.m. — Cape Charles, Va.-area properties, including six houses;
  • Aug. 20, 1 p.m. — 31 properties (primarily farmland) totaling approximately 3,200 acres; produce packinghouses; worker housing camps, and several homes in Virginia;
  • Aug. 28, 9 a.m. — Live and online auction of agricultural equipment, Mulberry; and
  • Sept. 3-4, 9 a.m. — Live and online auction of agricultural equipment, Virginia.



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